The planned capital injection aims to finance an ambitious expansion strategy in Egypt and select Gulf markets, strengthening the company’s presence in the healthcare sector locally and regionally.
The bank offers a certificate starting from EGP 100,000 with increments of EGP 1,000, yielding 22% monthly instead of 20%.
The AfDB outlined that this package consists of a $10 million line of credit with a 10-year tenor, a $90 million subordinated loan with a 10-year tenor, a $32 million trade finance line of credit with a 3.5-year tenor, and a $16 million trade finance line of credit from the Africa Growing Together Fund (AGTF) with a 3.5-year tenor.
Visa and CIB join forces to empower women-led businesses in Egypt through the 'She's Next' initiative.
Commercial International Bank (CIB) shares surged by more than 14% in minutes during Thursday's closing price auction session at the Egyptian Stock Exchange
